Washington, D.C. — Senator Tom Cotton (R-Arkansas) released the following statement after President Biden announced his plan to “forgive” student loan debt. 

“There is no such thing as student loan forgiveness—this is a bailout, paid for by the large majority of Americans who never went to college or who responsibly paid off their debts. Even worse, President Biden’s plan ignores the true culprit: bloated, self-serving colleges. I’ll be introducing a bill to hold these colleges accountable for debt, lower tuition, support non-college career paths, and save the taxpayers billions.”